5 Indian cities ranked among top 100 cities globally in startup ecosystem, Bengaluru ranks 8th

New Delhi, June 27: An Israel-based organization Startup-Blink has released a report named - the Startup Ecosystem Report 2022. In a significant development, five Indian cities ranked in the top 100 cities with Bengaluru being ranked 8th globally with the strongest startup ecosystem in India.

 

 

Notably, Bengaluru is also known as India’s Silicon Valley as it has solidified its position in the top 10 global cities by increasing its ranking by two spots this year. The other cities are- New Delhi (13th), Mumbai (17th), Pune (90th), Hyderabad (97th), Chennai (102nd), Jaipur (212), and Ahmedabad (223rd).

 

New Delhi is also not much below Bengaluru and has been ranked fourth in the Asia-Pacific, increasing its position to 13th globally, however the gaps between Bengaluru and New Delhi have increased significantly in 2022. This year, two new cities from India have entered the list of top 100 cities with Pune at 90th and Hyderabad at 97th. The report suggests that the 2nd tier cities in India, have also seen a healthy growth in their startup ecosystem.

 

Apart from this, India, Japan and South Korea have been ranked 4th, 5th and 6th respectively in Asia-Pacific, signaling a competitive environment in India for startups. India is 4th-ranked after Singapore, Australia, and China.

 

StartupBlink ranks the startup ecosystems of top 1000 cities and 100 countries of the globe which works on a methodology by taking into account majorly three parameters - quality of startups, quantity of startups and business environment. The Global Startup Ecosystem Index by StartupBlink has been updated annually since 2017. "Each ecosystem has a total score, which is the sum of 3 subscores measuring Quantity, Quality, and Business environment," the report said while explaining the methodology.